Intellect Design Arena Ltd.

BSE: 538835 | NSE: INTELLECT
Small Cap | IT - Software
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Intellect Design Arena partners with HLBB to ramp up Wholesale Banking services

Date: 19-08-2015

Intellect Design Arena has entered into partnership with HLBB to diversify transaction banking platform. Hong Leong Bank Berhad (HLBB) has appointed Intellect Design Arena, a specialist in applying Digital Technologies across Banking and Insurance, as its partner in the bank’s effort to transform and digitize its wholesale banking offerings.

The bank’s adoption of Intellect’s multi-award winning Intellect Global Transaction Banking (iGTB) suite is in line with the global Banking 3.0 trend whereby technologies such as mobility and cloud are redefining financial services and payments worldwide.

HLBB’s purchase of the Intellect iGTB suite will consist of the digital omni-channel delivery platform and related applications in digital Cash Management, Liquidity Management, Domestic and Foreign Payments, Trade Finance and Supply Chain Financing. Via Intellect’s iGTB, HLBB will be equipped to facilitate mass adoption of real-time digital payments amongst its corporate clients.